Mihai_Iacob

Nikkei- Break of Double top's neckline

Short
TVC:NI225   Nikkei 225 Index
Like most of the global indices, Nikkei also had a good run this year.
However, since mid-June, the index started to lose its power and has drawn a Doube Top pattern on our charts.
The start of the week brought the break under the neck-line support of the pattern and Nikkei could continue to the downside.
Levels to watch for bears are 31100 old congestion which also coincides with the measured target of the double top and the important 30k figure.
I'm bearish as long as the price is under 33200

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